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King Farm Manufacturing Companys common stock has a beta of 1.62. If the risk-free rate is 2.65 percent, and the market return is 9.90 percent,

King Farm Manufacturing Companys common stock has a beta of 1.62. If the risk-free rate is 2.65 percent, and the market return is 9.90 percent, calculate the required return on King Farm Manufacturings common stock.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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